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Lindsay Lohan is allegedly facing bankruptcy after failing to pay the rent on her $4.3 million London flat.

Lawyers for the landlord of the property, located in the exclusive Knightsbridge area of the British capital, have issued the 30-year-old with legal papers demanding payment of six months of overdue rent, totalling $95,000 .

They will also petition for her bankruptcy on 8 November (16) if she fails to pay, Mail Online reports.

The 12-month tenancy agreement, which had a six-month break clause, was in Lohan's name, but it is understood her ex-boyfriend, Russian property tycoon Egor Tarabasov, paid a three-month deposit upfront in full.

The couple, who got engaged in April (16) but called it quits after violent rows in July, agreed to split the $3,700 a week rent, but Tarabasov claims Lohan never paid her share.

The Mean Girls star is reportedly still the legal tenant, and stayed at the London property for a few days in September (16) to film for Jamie Oliver’s cookery show.

Tarabasov has also added to Lohan's legal woes by claiming she took up to $29,000 worth of his belongings including a Rolex Oyster watch and designer clothing from the flat they shared.

The 23-year-old sent an inventory to his lawyers of the items he claims went missing, which featured a Luc Waring painting, a print of Tracey Emin’s The Kiss, a diamond-studded ring and a Panerai Luminor Marina watch.